According to ChainCatcher, citing CoinDesk, on Wednesday, a federal judge in the United States agreed to pause a lawsuit filed by 18 state attorneys general and a DeFi lobbying group against the Securities and Exchange Commission (SEC), after the parties noted that the SEC's new leadership was in place. In November last year, after Trump won the 2024 presidential election, these state attorneys general (all Republicans) filed the lawsuit together with the DeFi Education Fund. They accused the federal securities regulator of overstepping its authority when prosecuting cryptocurrency exchanges. In documents filed on Wednesday, the SEC stated that the lawsuit might end after Paul Atkins was confirmed as the new agency chairman. The judge ordered the parties to submit a joint status report within 30 days but suspended all deadlines for 60 days.
On Wednesday, another lawsuit filed by the DeFi Education Fund, the Texas Blockchain Council, and the Blockchain Association against the Internal Revenue Service (IRS) was also withdrawn. The lawsuit argued that the IRS's DeFi broker rule exceeded the agency's authority. Last week, Trump signed a resolution passed jointly by the House and Senate under the Congressional Review Act, repealing this rule. In documents filed on Wednesday, the parties stated that the lawsuit had become "moot" after Trump signed the resolution.
